Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1.5 Acre Newbill School Rd Halifax, VA 24558

    Sponsored
    For Sale
    Contact for pricing

    Acreage,Land - Halifax, VA

    Lot size:
    1.50 Acres
    Days on Market:
    17
    Last Refresh:
    Feb 26 at 3:06 am

    Property Features for 1.5 Acre Newbill School Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    AGR
    APN
    35618
    Exterior features
    N/A - Not Waterfront
    Lot size
    1.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kenneth Buckley

    Pointe Realty Group South Boston (434) 579-3785

    Listing agent Kenneth Buckley (434) 272-2076

    Listing date Feb 10, 2026

    MLS# 72796 Listing URL

    Copyright © 2026 Southern Piedmont Land & Lake Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Halifax Acreage: Build Your Dream

    This 1.50-acre lot, Parcel 4, is located in the Abbott Hill Acres subdivision in Halifax County. It offers approximately 181.68 feet of road frontage along S.R. 820 (Newbill School Road). Zoned A-1 Agricultural, the property allows for residential use. The lot is generally level to gently sloping, making it suitable for construction and site planning. A private well and septic system will be required. Preliminary soil work indicates the property will perk for a conventional septic system. A survey was completed in 2022, and the property lines are marked with iron pins at the corners. Mecklenburg Electric and Empower Fiber Optic internet service are available. A 12x32 shed, partially insulated, is present on the property, along with a dirt road for access. The property offers convenient access to South Boston, Halifax, and surrounding areas, while maintaining a rural environment.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Halifax
    County
    Halifax
    State
    Virginia
    Longitude
    -78.953
    Latitude
    36.7749

    Nearby Similar for Sale

    • $295,000
      2,680 SF

      Charming Dutch Colonial in Halifax

      Two-story Dutch Colonial in Halifax, VA, with business and residential potential.
      334 S Main St, Halifax, VA 24558
      View Details
    • $99,500
      3,584 SF

      Spacious Commercial Property in Halifax

      Redevelopment opportunity in Halifax, featuring ample space and flexible layout.
      1110 Asbury Church Rd, Halifax, VA 24558
      View Details
    • $225,000
      2,204 SF

      Traditional Farmhouse on 2.4 Acres

      Farmhouse on 2.4 acres near town with 3 bedrooms.
      1242 L P Bailey Memorial Hwy, Halifax, VA 24558
      View Details
    • $229,900

      Halifax Commercial Space with Restaurant

      Remodeled convenience and restaurant space with appliances and coolers.
      2037 L P Bailey Memorial Hwy, Halifax, VA 24558
      View Details
    • $420,000
      Pending

      Halifax Multifamily Investment Opportunity

      Eight-unit townhome complex in Halifax, Virginia.
      541-563 Oak Ln, Halifax, VA 24558
      View Details
    • New
      $199,000
      Pending

      Halifax Ranch with Hardwood Floors

      Ranch property featuring hardwood floors, fireplace, and large level lot.
      285 Cedar Ln, Halifax, VA 24558
      View Details
    • $86,093
      Pending

      Halifax Ranch Home Renovation Opportunity

      3-bedroom ranch home in Halifax, VA, ideal for renovation.
      4166 Mountain Rd, Halifax, VA 24558
      View Details
    • $399,900
      1,432 SF

      Halifax Riverfront Home with Dock

      Classic brick home on 1.35+ acres with river access.
      525 Buena Vista Dr, Halifax, VA 24558
      View Details
    • $239,000
      1,242 SF

      Classic Ranch in Halifax, VA

      Charming three-bedroom home with large yard and convenient location.
      1060 Avondale Dr, Halifax, VA 24558
      View Details
    • $229,900
      2,451 SF

      Halifax Retail and Restaurant Space

      Remodeled convenience and restaurant space in Halifax, Virginia.
      2037 L P Bailey Memorial Hwy, Halifax, VA 24558
      View Details
    • $57,000
      864 SF

      Halifax Bungalow with New Roof

      Investor special: 3BR/1BA bungalow with new roof in Halifax, VA.
      1023 Gathas Trl, Halifax, VA 24558
      View Details
    • Contact for pricing
      32,011 SF

      Halifax Warehouse and Production Space

      32,011 SF warehouse with office and production space.
      2507 Houghton Ave, Halifax, VA
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.5 acre lot in Halifax County, ready for your dream home.
    Where is this residential land & home lot located?
    The property is located at 1.5 Acre Newbill School Rd Halifax, VA.
    What is the asking price?
    The asking price for this property is $29,900.
    What are key features of this property?
    This property features: - 1.50 acre lot in a peaceful, rural setting, ideal for building a dream home.; - A-1 Agricultural zoning allows for residential use while preserving the countryside.; - Preliminary soil work confirms the property perks for a conventional septic system.
    (434) 517-1485
    Request Owner's contact information
    1.5 Acre Newbill School Rd Halifax, VA 24558
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1.5 Acre Newbill School Rd
    Halifax, VA 24558
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1.5 Acre Newbill School Rd Halifax, VA 24558
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kenneth Buckley
    (434) 517-1485 (434) 579-3785 (434) 272-2076
    Learn more
    Google sign-in failed. Please try again or use another login method.